Erickson Air-Crane (EAC) - NASDAQ
  • Mar. 19, 2013, 4:21 PM

    Erickson Air-Crane (EAC) buys Evergreen Helicopters from Evergreen International Aviation, for $250M, essentially doubling the size of the company. The sale consists of $185M in cash, $17.5M in unsecured promissory notes issued by EAC, and approximately 4M convertible preferred shares valued at $47.5M. In 2012, Evergreen’s revenue was $196M and adjusted EBITDA was $56.2M, representing margins of over 25%. Shares +2.7% AH.

    | Mar. 19, 2013, 4:21 PM
Company Description
Erickson, Inc. manufactures and operates transport category aircrane helicopters. It operates a fleet of 86 rotary-wing and fixed wing aircraft, including a fleet of 20 heavy-lift Erickson S-64 Aircranes, or Aircranes. The company's fleet supports a variety of government and commercial... More
Industry: Aerospace/Defense - Major Diversified
Country: United States